Trump Family-Linked Crypto Project World Liberty Financial CEO: USD1 Circulation Exceeds $4 Billion
Zach Witkoff, CEO of the Trump family-linked crypto project World Liberty Financial, stated that the circulation of the USD1 stablecoin has now exceeded $4 billion, with a trading volume reaching $1.7 billion in the past 24 hours. The actual demand for use is sufficient to counter external doubts about it being used to funnel benefits to Trump and his family.
Witkoff claimed he has never and will never discuss company business with Trump, focusing primarily on providing products and services to users. WLF was founded in 2024 by Trump, his son, and related individuals, currently operating USD1 and has received conditional approval for a national trust bank license in the U.S.
WLF still faces controversy over conflicts of interest, with entities linked to the UAE reportedly purchasing about 49% of WLF shares. The Trump family is expected to earn hundreds of millions from WLF tokens and related equity transactions by 2025.
Witkoff emphasized that stablecoins are becoming the native cash layer of the internet, and USD1 will continue to expand its applications in the future.
On the market mechanism level, the growth in USD1 circulation and trading volume is attracting institutional funds into stablecoin reserves and treasury assets, with event-driven demand boosting transactions on related trading platforms. Beneficiaries are the issuers and custodians, while traditional compliant stablecoin competitors questioning independence are under pressure.
Source: Public Information
ABAB AI Insight
As the head of a project linked to the Trump family, Witkoff previously facilitated early adoption of USD1 through transactions with UAE-related entities, similar to other politically connected crypto projects that rapidly expanded during regulatory windows. His "no business discussions" statement continues the public stance of separating family enterprises from political roles.
In terms of capital pathways, the project combines stablecoin issuance with a trust bank license, aiming to secure dollar reserve returns and cross-border settlement shares, while resources are funneled to Trump family entities through token sales and equity transactions, simultaneously attracting Middle Eastern capital to expand circulation, forming a closed loop from issuance to application.
Comparing to Tether's early reliance on concentrated holdings in specific exchanges and Circle's pursuit of bank licenses, WLF is currently transitioning from political endorsement initiation to actual trading volume verification, shifting its industry position from conceptual issuance to competing for stablecoin market share.
The structural judgment indicates capital concentration, with the mechanism being that political connections reduce early customer acquisition costs, while large-scale circulation and license approvals further lock in reserve asset returns, leading to a concentration of stablecoin market dominance among a few projects with both family and international capital resources.
ABAB News · Cognitive Law
Circulation is the hardest evidence to refute doubts.
Political endorsement accelerates early adoption but amplifies long-term controversies.
Ultimately, stablecoins will compete based on real usage rather than narratives.